A viral trend TikTok is calling the “Chase Bank Glitch” is simply check fraud. While the trend has gained traction on TikTok, most creators are warning against it rather than promoting it. The “glitch” involves customers writing a fake check to themselves, depositing it, and quickly withdrawing cash before the bank realizes the funds are nonexistent. Many are sharing videos showing off their cash, but others are panicking over negative bank balances once the error is corrected. However, since users are targeting their own accounts, Chase Bank has easily been able to track down the people who are taking advantage of it. (Mashable)
📊 YPulse data: 53% of 13-39-year-olds trust social media platforms / influencers for good financial advice
